Jefferies Maintains Hold Rating and $24 PT on Werner Enterprises
A report from Jefferies reiterates its Hold rating and $24 price target on Werner Enterprises (NASDAQ: WERN).
The report states, “WERN is the third consecutive transport to report an in line 3Q despite weakened macro headlines. Mgmt highlighted firming trends, consistent with our out-of-consensus view that selected short-cycle indicators appear to have bottomed. Few cycles are linear, but we're growing encouraged."
WERN closed yesterday at $23.35.
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